World Bank’s private sector lending arm, International Finance Corporation (IFC), has said two funds supported by it are ready to pick up equity worth $1.7 billion (about Rs 8,500 crore) in infrastructure projects in India, a move that will help the country’s economy arrest the impact of the global financial meltdown. “We have mobilised $1.7 billion. The funds are expected to generate a total investment of $5-8 billion over the next three-five years,” said Anita George, IFC’s director for infrastructure (Asia and Africa). The funds, she said, would be used in picking up equity in the infrastructure sector projects and would be in addition to the regular operations of IFC in the country. […]